Brendan Driscoll

What Do They Do?

• Transaction processing

• Doesn’t distribute cards

• Not a bank

Financials

• 2-3% transaction fee

• 1% additional international fee

Timeline

• 1966: founded

• 1997: “Priceless” advertising campaign begins

• 2006: IPO

• 2010: MasterCard Labs established

• 2013: MasterPass introduced

What’s Hot

• MasterCard Labs

• Mobile wallets

Secret Sauce

• Consider themselves a Technology Company

• Vision: the next Google or Amazon

• Ex: new technology center opened in Manhattan

• CEO Ajay Banga:

Story

• https://www.youtube.com/watch?v=zgq4FvrIOe0

Competition

Comparison (2013)

Visa

• Market Cap: $133 Billion

• $2.3 Trillion transactions

• 254 Million US credit cards

• Accepted in 170 countries

• 7% increase in global payments

• Projected growth by 2018: 37%

MasterCard

• Market Cap: $88 Billion

• $1.1 Trillion transactions

• 178 Million US credit cards

• Accepted in 210 countries

• 11% increase in global payments

• Projected growth by 2018: 48%

Buy or Sell?